Tether is investing in the parent company behind Dreamcash, a mobile interface built for Hyperliquid, marking its latest push to expand stablecoin backed trading infrastructure into onchain equity and commodity markets.
The investment follows the launch of the first HIP-3 perpetual markets collateralized with USDT0, introduced through a collaboration between Tether, Dreamcash and Selini Capital.
The live lineup includes perpetual contracts tied to the S&P 500 index, commodities such as gold and silver, and single stock exposure including Tesla, Nvidia, Google, Amazon, Meta, Robinhood, Intel, and Microsoft, all settled in USDT.
The new markets are built on USDT0, Tether’s unified liquidity network based on LayerZero’s OFT standard. Since launching in January 2025, USDT0 has processed more than $50 billion in cumulative transfers across 15 networks, positioning it as a fast growing cross chain stablecoin infrastructure.
Until now, USDT holders could not directly access Hyperliquid markets without additional bridging or asset conversion. USDT0 maintains a 1 to 1 peg with USDT through a lock and mint structure, enabling traders to move funds from centralized exchanges into non custodial wallets without changing their unit of account.
To support early adoption, the companies will introduce a $200,000 weekly trading incentive program for CASH markets using USDT. Rewards will be distributed based on share of total USDT trading volume during the initial launch phase.
